Article 72. Liquidation of the bank on other grounds of the Law on Banks and Banking Activities in the Republic of Kazakhstan
1. The compulsory liquidation of a bank in cases where a case is initiated by a court on the application (claim) of an authorized state body, legal entities or individuals (in the absence of a decision to revoke the bank's licenses to conduct banking operations) is carried out in accordance with this Law.
2. The court sends the decision on the compulsory liquidation of the bank to the authorized body.
From the date of the court's decision on the compulsory liquidation of the bank in a case initiated on the grounds provided for in subparagraph b) According to Article 70 of this Law, the bank is deprived of its license to conduct banking operations.
The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.
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